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Real answers to U.S. energy problems have largely been left to sit in dusty energy journals for the last 15 years and have only recently begun to have any focus in mainstream politics. Improving Corporate Average Fuel Economy standards and rethinking the multitude of SUV exemptions are now on the table, as well as considering an oil import tax combined with a tax cut to ensure low income earners are not disadvantaged. These moves could substantially reduce the amount of oil the U.S. uses over the long run and reduce the exposure it has to political instability in the Middle...

Author: By The Crimson Staff, | Title: Pumping Up Energy Policy | 5/26/2004 | See Source »

Will hybrids go mainstream? Detroit economists are skeptical, arguing that it would take $4-per-gal. gas to significantly shift new-car buyers toward hybrids or other more fuel-efficient cars. The new hybrids will probably be priced a few thousand dollars above their conventional cousins; about $2,500 is typical now. (The Federal Government is offering a $1,500 tax deduction this year.) It's unclear whether consumers will want to spend the extra bucks if the fuel savings turn out to be minimal. But there's reason to believe that gas prices may not fall after the traditional...

Author: /time Magazine | Title: Make Vrooom For The Hybrids | 5/24/2004 | See Source »

...peace with the party infrastructure." In fact, Rosenberg's group continues to give financial support to New Democratic candidates in places like Oklahoma and South Dakota, where the traditional Democratic message doesn't work very well. But he has also reached out to the more adventurous liberals in the mainstream party-groups like MoveOn.org and bloggers like Daily Kos-finding common ground on new campaign technologies, if not always on substance. Rosenberg has also violated an unspoken DLC no-no by helping the Hispanic Caucus (From opposes the Democrats' ethnic fragmentation) with a series of Spanish-language political-advocacy...

Author: /time Magazine | Title: Fighting for the Soul of the Democrats | 5/23/2004 | See Source »

...your gains, our products are barely regulated, they're not registered with the U.S. Securities and Exchange Commission (SEC) and we're not obliged to report publicly where your money is going or how it's doing. Sound risky? It is. So why are mainstream investors lining up to buy into so-called hedge funds, the esoteric investments that used to be the province of the superrich? For one thing, retail investors are tired of traditional mutual funds that tread water or worse. For another, respected firms like Man, a U.K. hedge-fund giant, are now marketing their products...

Author: /time Magazine | Title: Should You Join The Hedge Fund Circus? | 5/23/2004 | See Source »

...soldiers. Even the annual French essay in angst, Agnès Jaoui's Comme une Image (Look at Me), displayed a tender wisdom toward its characters. Some popular genres - the thriller, the martial-arts epic, Japanese anime - made rare appearances at Cannes. Asia's strong showing included a mainstream Korean revenge-a-thon (Park Chan-wook's Old Boy), a Hong Kong media melodrama (Johnnie To's Breaking News) with an elaborate five-minute tracking shot of a shootout, and a gorgeous animated feature (Mamoru Oshii's Ghost in the Shell 2: Innocence) from the company that did the smashing...

Author: /time Magazine | Title: The Cannes-Do Spirit | 5/23/2004 | See Source »

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